A 66w certificate is a legal document that waves the cooling off period after exchange of contracts, making the contract legally binding. This is a certificate that meets the requirements of section 66W of the Conveyancing Act 1919 and will need to be signed by your solicitor or conveyancer. A cooling off period allows a purchaser to withdraw their offer before 5pm on the fifth …
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Once an offer has been formally accepted and the vendors and purchasers agree on the terms of the sale, contracts are signed by both parties, a deposit is paid and then contracts are exchanged. The contract is now legally binding. There is then a 5 day cooling off period. After this time the sale/offer cannot be withdrawn. There is no cooling off period if you …
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Once an offer has been accepted, contracts are signed and exchanged, the purchaser has a 5 day cooling off period to withdraw from the sale. This period commences on the day of exchange and expires at 5:00pm on the fifth working day following. If the purchaser withdraws from the sale during the 5 day cooling off period they still need to pay 0.25% of the …
Continue readingWritten notice needs to be given to withdraw from the purchase within the cooling off period. The prospective purchaser will need to pay 0.25% of the purchase price to the vendor.
Continue readingIt is with a warm heart we announce that Lynette Kimball and her husband Steven are embarking on their next chapter and moving north in the New Year. With this, Lynette will be leaving her position at Fitzpatricks Real Estate in which she has served as Director and Office Manager. Lynette first came to Fitzpatricks Real Estate in 1983 with no real estate knowledge having worked …
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